As incurable optimists, human beings look for silver linings in the darkest of clouds. It’s an admirable trait, but some silver linings are illusions. Spotting them requires the economic way of thinking.
Viewing the heartbreaking damage wrought by Hurricane Harvey, the last thing we should want is for people to be encouraged to live where hurricanes and floods are common. Yet the government has been doing just that for decades.
The AIER’s Leading Indicators Index increased again in August to a reading of 88 from 83 in the prior month. The Coincident Indicators Index remained
A company is trying to bring the calming influence of gold to the Wild West frontier of cryptocurrencies
Many Americans think of themselves as pragmatists. Pundits often brag they are non-ideological independents. Forget theory; let’s just figure out what works.
A monetary standard based on Bitcoin, a digital currency, would act something like the gold standard in making price levels more predictable and stabilizing exchange rates but would likely be undone by politicians and central bankers.
When enthusiasts of the free economy address a social problem by saying, “The market will handle it,” critics accuse them of being simplistic, even glib.
The Securities and Exchange Commission has tossed a wet blanket on initial coin offerings just as they were soaring as an alternative financing vehicle for young companies.
Taxes are being collected to help end the financial crisis that ended nearly a decade ago.
The Reforming American Immigration for Strong Employment Act conveys a valuable lesson in where economic illiteracy can lead.
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